20 January 2019, Cairo — Kuwaiti oil minister Khaled al-Fadhel wants the funds allocated by the oil sector for spending within the 2040 strategy to be reconsidered, Al-Rai newspaper reported on Saturday.
The minister said he is not against expansion in the oil sector but described the funds, estimated at 150 billion Kuwaiti dinars ($495 billion), as “optimistic”, al-Fadhel said.
*Ahmad Hagagy, Hesham Hajali; editing: Jason Neely – Reuters
Follow us on twitter